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to chevron for help. what they want in a story you will only see here on 2. >>> plus the supreme court, the three major rulings you could soon see. >>> traffic is moving along well, we will tell you about the bay area commute and the bay area weather. . >>> good morning, skies are mostly clear, no records are expected, and we will have more continuing. >>> the search continues for two missing men off the coast. their search continues on pigeon point after their boat capsized. last night they searched by helicopter overnight they searched by boat. one of the men is ping-pong sing. two of the men were able to make it back to shore and families members are hoping they will find the other men alive. >> we still have hope he is still alive. >> the coast guard plans to bring in more rescuers for the search later this morning. >>> the taliban is claiming responsibility for a suicide bomb that killed 18 people including 3 nato troops. international troops were targeted near a market. they have not released the names of those killed but most of the people killed are american. >>> they have reac
been highly critical of chevron following that recent mass ive fire at the refinery. ktvu has learned that the city will reach out to chevron hoping that the oil company will help revitalize the area. the city council is expected to make that request later this week in a story you will only see on 2. >> reporter: look in downtown richmond and you will see the signs, richmond welcomes lbnl. a major gift that the city wants to build upon with chevron. >> we're urging chevron to help create a research campus in richmond most particularly at marina bay because that's where berkeley labs are coming in. >> reporter: tom butts says the idea is with lawrence berkeley labs and chevron marina bay could become a mayor green tech center instead of what it is. a collection of empty office buildings but says it would help the city and chevron. >> have a presence here in richmond beyond just refining. >> reporter: one significant tenant at the bay is chevron. chevron intended a major presence but that changed after a plan to modernize the refinery got stuck in the courts. in a written statement, che
with an economist. >> the shortage. with august fire at the richmond refinery. and the chevron pipeline problem and a power>> gas prices continued to rise over california and with oil prices saying that the average price in california is $4.48. that is up 175 from yesterday. and it is up 355 from one week ago when the it was $4.13. >> $4.30 one week ago. >> there is always an explanation but does this make any sense. >> the shortage. with august fire at the richmond refinery. and the chevron pipeline problem and a power problem at a another location. however, this person does not buy this. robert mccullough. >> we have more supply we are not having a shortage. >> in fact the spike in gas prices is a crisis without a cause. >> this is in some form of gaining =gaming.. demand. we do not have an identifiable cause. >> there is no price fixing going on but he says that it is time for the federal government to look into it. >> supply is up, demand is down. we are going to launch an investigation on what is going on commission to investigate. so far, the federal trade commission has not followed thro
a suspect. >> many people in richmond have been highley critical of chevron following that massive fire at the refinery. now we have learned the city will reach out to chevron hoping that the oil company will help the area in the community. ken pritchett joins us live from the bay with the tips that richmond is set to make. >> reporter: we are told that on tuesday the city council will ask chevron in a resolution to develop a new research center here in marina bay. it's a part of the city that -- the resolution describes as downtrodden but perhaps is on the mend. looking downtown richmond and you will seat signs, richmond welcomes ldnl. they were picked for a new campus. a major gift the city wants to build on with chevron. >> urging them to help create a -- a research campus in richmond and most particularly at marina bay. that's near where lawrence berkeley labs coming in. >> reporter: the city councilman said the idea is with the labs and chevron the bay could be a major green tech center instead of a collection of mostly empty office buildings. he said it would help the city and ch
lanes blocked until 5:00 this morning. >>> 4:41. >> protest planned at chevron's richmond refinery demonstrators -- >> new information this morning about the chemicals in your smartphones. could they are harmful to your health? >> plan larry ellison has for his private island.3q i can't stand these spots. those spots are actually leftover food and detergent residue that can redeposit on your dishware during the rinse cycle. gross. jet-dry rinse agent helps wash them away so the only thing left behind is the shine. jet-dry rinses away residues for a sparkling shine. prove it. enough is enough. d-con no view, no touch trap snaps to kill instantly. no looking, no touching. d-con. get out. >>> good morning. live look towards san francisco on this wednesday morning. we see clear skies. last couple days that's indicated hot temperatures ahead. what about today? mike will tell you more. >>> richmond city council moving to make sure repairs to the fire-damaged chevron refinery uses highest standards and technology. the council passed resolution last night calling for chevron to improve saf
to expand each growing season. >> chevron is making a multi- million dollar commitment. not to refurbish refineries. the political cost the bay area's biggest oil producer is backing. >> back here, fog free along the coast. this weekend is going to be warmer. we'll also look at detroit weather for the world series. proposition 38 bypasses sacramento, and makes education a real priority- with the funding, to our local schools and the accountability from our local schools... that we'll need to improve student learning in every classroom. so we can stay 47th... or we can choose proposition 38. i'm voting yes on 38... because it makes our children #1. >>> chevron has contributed $2.5 million to a super pac in what appears to be the largest contribution ever by a publicly traded company. chevron donated to the congressional leadership fund earlier in month. the fund works to reelect republicans and is closely linked to speaker john boehner. >> these republicans not surprisingly are usually dedicated to preserving the tax breaks. >> chevron's contribution is legal. the supreme court ruled in 2
analysts say the spike in gas prices began after a fire at a chevron refinery in the bay area and two recent shutdowns at refineries near los angeles. but senator dianne feinstein wants the federal trade commission to investigate possible price manipulation and collusion, saying, "california's consumers are all too familiar with energy price spikes which cannot be explained by market fundamentals, and which turn out years later to have been the result of malicious and manipulative trading activity." analysts say the gasoline situation in california is pretty much confined to that state. it is largely cut off from the pipeline network across much of the nation and vulnerable to disruptions in supply and price. nationwide, motorists are paying 35 cents more per gallon than a year ago. oil trader phil flynn of price futures group and a fox business news contributor joins us from cme group this morning. good morning phil. what's your prediction on oil prices during the next few weeks? > > down, down, down. gas prices down as well. i think our nightmare is really coming to an end. to be h
. yesteday turned into another downer for the market. alcoa and chevron weighed heavily on the dow. gold ended the session flat and oil dipped by nearly a dollar. and the winter heating outlook is in. following last year's warm winter, some americans will get a sticker shock this year, especially those using heating oil. those bills are projected to rise 20%. lately the hot market has been cooling off. phillip streible of rjo futures joins us. good morning to you. what's your first impression of earnings? > > we've seen a lot of liquidation in the s&p 500 recently. investors are quite concerned about a slowdown in global growth, and also a slowdown in china. we saw alcoa start to come off here yesterday. there was concern that aluminum prices forecasted going forward would be a little bit lower because of that slowdown in china. > > coming up on friday we have financials in focus with wells fargo and j.p. morgan reporting in. can you see any positioning among traders on those stocks? > > i still think that traders are going to be a little bit more defensive. they're going to start lookin
details uncovered about what may have led up to a fire at the chevron refinery in august. >> a man tries to use an evacuation to escape from police. >>> grocery shopping goes high tec. the new app that makes shopping a virtual ease. >> high there, i'm leigh glaser. today 60s and 70s across the bay area. by mid-week, temperatures into the 90s. get ready for warmer >> a bitter political fight in san jose between the police union and city officials is growing. supporters of the unions and the officers denounced the statement by councilwoman herrera. they say she knows the force has been cut to the bone and is playing on people's emotions. >> i said it before and will say it again, i said it as a council member and today as a county supervisor, there's know place for the politics of fear in the city of this counsell members needs to be reprimanded. >> the mayor addressed the police union, not all san jose police officers, talking about the union and they're tactics. >> herrera is an outspoken supporter of police pension reform. >> a san francisco neighborhood evacuated during a standoff that
of chevron. >> first this morning's tech bites. >>> apple confirming announcement next week expected to be the smaller and cheaper tablet computers will compete with other tablets. microsoft taking preorders for service tablet which will be available on the 2th, prices start at $500 the same as ipad. other computer manufacturers getting ready for windows 8 by offering new devices with touch screens. you will still be able to use windows 8 without touch, but why? >> i think to take full advantage of windows 8 you would want to get a touch screen device but you can still use your mouse and customer sore it is just a little clumsy. >> new devices include laptops that convert into tablets and tablets3q i can't stand these spots. those spots are actually leftover food and detergent residue that can redeposit on your dishware during the rinse cycle. gross. jet-dry rinse agent helps wash them away so the only thing left behind is the shine. jet-dry rinses away residues for a sparkling shine. >>> good morning. clear skies downtown sun coming up at 7:21 temperatures in the 50s rapid warm-up t
made. corrosions in the chevron to another fire in the plant last year. two workers reported allegations of corrosion and maybe a risk for employees in 2011. it was reported is that state officials as they were investigating a small fire in october of that year. the fire was quickly put out. chevron says the corrosion was unexpected. >>> federal health officials say the number of cases of fungal meningitis has risen to 205. the number of deaths stands at 15. 14 states are now reporting cases. however, california if i recalls have yet to report any here. the outbreak has been link today steroid shots used for back pain. >>> in decision 2012, the debate season is well under way. and up next, we'll get to ski an interesting debate are round two, president obama and governor mitt romney face on on tuesday. a town hall who sales the format is going the be a challenge. >> the challenge is they have to connect the people watching them but to the people on the stage with them, some 80 or so undecided voters. so they have to keep the folks in mind. it is more up close adventure. >> pr
out to chevron and chevron they are hoping will help revitalize the area. it is after all the criticism and the city of richmond wants chevron to help create a research campus at marina bay and that's where they have selected the area as its new campus. city leaders believe they could create a new green tech center. >> it is short on knowledge in a number of ways that they want to increase their presence in richmond. >> well the richmond city council is expected to make their formal request tomorrow and chevron is not in any position to make any long time investment decisions until they come up with a plan to very write lies -- revitalize their communities. >>> it happened in the early afternoon. the work is part of the pipeline safety program and depending on the weather, people living nearby may smell natural gas. they may consider an antismoking ordinance and in many out door spaces such as parks, bus stops and they are the latest to push for stricter smoking laws and they are driven by complaints. >> they will speak at the open world conference in just about two hours,
morgan says it intends to fight the lawsuit. >>> chevron is appealing a decision ordering it to pay property taxes. chevron filed the appeal in contra costa. earlier the board rejected chevron's appeal of the 2009 property tax bill and ordered the company to pay $27 million in taxes. a chevron spokesman tells ktvu the company is in mediation over assessments going back to 2004 and is hopeful for a fair settlement. >>> the city council is meeting tonight that are outsourcing police service. the council expects to hear from both reporters and critics and it seems the meeting could be moot. the proposal is in response to a $9 million deficit and comes with contract know,s with the police department. the city's primary argument is outsourcing police duties to the sheriff's department but we've learn it had sheriff decided not to submit the bid. >>> in recent days, it was peanut products. now it's smoked salmon that is the rauls. kirk land brand smoked salmon sold at costco. it sickened at least a hundred people in the u.s.. the cdc says it's seen a rise of salmonella combination cases l
they blame low supply on august chevron refinery fire in richmond, high temperatures that caused a power surge at exxonmobile in torrence and maintenance on a pipeline in southern california some aren't buying it. >> everybody is jacking uphold sale prices not because of current shortages, but what they anticipate to be shortages. >> experts say prices will keep going up by as much as 10 cents each day this week. here are the bay area prices from aaa,: san jose $4.28. oakland $4.26. san francisco $4.33 up five cents since yesterday. >>> san jose city councilmember calling for a plan to determine if it is feasible to convert hotels and motels if the city to residental operates or office space. with widespread complaints about prostitution and related criminal activity that there could be a way to develop the buildings. he is expected to discuss the issue at a committee hearing today and bring it up next tuesday. >>> the number of teens drinking and driving continuing to go down across the bay area and rest of the country. cdc says 9 out of 10 high school teens are not drinking and driving
. the supreme court has upheld a lower court ruling denying the oil giant chevron's bid to block an $18 billion fine for polluting the a ecuadorean rainforest since the 1970's. they won the judgment after a long-running case seeking damages for chevron's dumping of billions of gallons of toxic oil waste. the initial ruling called on chevron to pay $8.6 billion, but then rose to more than double that amount after chevron failed to apologize. chevron was appealing a lower court decision that threw out an injunction the company had one to block enforcement of the fine. on tuesday, the supreme court dismissed the appeal without comment. former penn state assistant football coach jerry sandusky has been sentenced to 30-60 years of prison for sexually abusing 10 young boys. sandusky was found guilty in june on 45 of 48 counts during a trial that saw many of his victims come forward to testify. the sandusky case sparked a major scandal at penn state after it was revealed longtime head coach joe paterno and top school officials failed to alert police after hearing of the abuse. at his sentencing hearin
on chevron's third quarter earnings. robert gray is standing by with more on that. hey, robert. >> melissa, they're providing mid-quarter update and investors are not liking it at first blush. down 2% after-hours. chevron see third quarter earnings per share quote, substantially lower on that the second quarter. analysts we should note are factoring that in. they're 50 cents lower than average analyst estimate what they reported in second quarter. blaming lower margins, hurricane isaac. aft tax charges in there as well, melissa. 3.5 million bucks worth that we'll know for sure november 2nd when they report full third quarter earnings. shares down after-hours on word from chevron. back to you. melissa: thanks, robert. california's gas price crisis. as we've been telling you the gas prices in the golden state have just exploded. now it is dirty gas to the rescue. governor jerry brown approved a plan to let gas stations sell the winter blend a month early because there is plenty of it. even though the winter blend creates more pollution. which is why you're not supposed to use it when tempera
have low inventories and refinery problems. >> reporter: a chevron fire was just the beginning. a power failure in torrance have cut supplies. the low inventories caught a lot of distributors empty-handed. now it's the drivers who are running on empty. >> i might get maybe a quarter-tank on $20. >> reporter: crude prices, ironically, are dropping. >> when you see something that's going on right now that's related to supply issues, refinery problems, what happens as soon as the problems get resolved and they tend to happen relatively quickly, prices tend to drop off fast. >> reporter: no one knows for sure when the gas prices are going to start levelling off and then come down. but it can't come soon enough. some stations in california are already starting to run out of fuel. >> we'll do what we can. you can find the cheapest gas in your area by going to our website. >>> a different complaint at the chevron refinery. hundreds of people demonstrated this afternoon. activists are demanding safety improvements, solvization, and a reduction -- compensation and a reduction of emissions. >>> a
en la oficina de policía . >> decenas de personas marcharon por las calles, ocupemos chevron por que mandaron a 15 mil personas al hospital . >> chevron debe pagar más impuestos y le de empleos a más trabajadores de la ciudad . >> y recuerde que solo le quedan 18 para registrarse para las elecciones presidenciales de noviembre, ya es hora, libera tu voz, el primer debate presidencial de los candidato . >> el presidente barack obama y el candidato mitt romney, se vieron cara a cara, dónde domino mitt romney . >> fernando pizarro. >> la campaña por la casa blanca en la recta final el presidente saludo a su esposa por su aniversario y el gobernador dijo que lo paso con él . >> pero la cordialidad termino cuando mitt romney dijo que no habrá recortes de impuestos, ly si quiero reducir la carga a la clase media . >> y critico las medidas del medi care, y tomara madidas para los impuestos pero no dice, uy ahora dice que remplazara obama care . >> obviamente, lo más importante para el país es la economía y el desempleo. >> y por otra lado, las organizaciones hispanas, dicen que no
tonight. lisa? >> at this chevron in san jose the praise for regular gas changed twice today. at 3:00 o'clock in the afternoon that sign said 4.23 and at 4:00 o'clock wept up 46 cents. no words are required to feel the driver pain. gas at this station in san bruno is over 5 dollars a gallon. >> 5.19. my god i can't count that high for 89 not even premium. >> last time this bad in california was 2008. and this spike is supposed to be even worse. the reason? gasoline shortage. due to pipeline outage and closure in southern california and the chevron refinery fire in richmond in august. whole sale praise up 1 dollar meanshe price at the pump is shooting up too. >> 170 dollars for5 gallon. >>porter: in uthe california tis indepennt gas station is charging nearly 6 dollars a gallon. >> take it all down and have no goods or we have to just charge that. we have no option. >>reporter: analyst at gas buddy.com say prices everywhere will rise until next week. and then level out. some gas station owners may opt to close instead of selling pricey gas. >> risking thousands of dollars of
ran is live fors in san jose tonigh thomas? >> carolyn, we are at a chevron where the price of gasoline has got up 40 cents in the past four days. this record increase may show up anywhere from the grocery stores and retail stores and maybe even the taxicab you take. >> i wouldn't say i have made ends meet here. >> he drives a taxi in san jose. the recent record spike in gas prices is cutting into his wages. he says drivers like him need relief. it is hurting. in fact, i am going to have to see the owner of the cab company next week and ask if we can do something about a surcharge or get it back somehow. >> that means passing the gas increase on to customers. he says he pays $100 a day to lease hi cab. he makes anywhere from nothi to $300 ashif pay for gas. >>t is sraig $60. >> seven if you made $300 a night, $60 is going to go to gas? >> straight away. >> the price for regular at this chevron station on bird avenue was $4.33 on tuesday night. by friday night it hit $4.69, a difference of 36 cents in four day. >> my jaw dropped when i looked at it. i could not believe it. >>
incendio de la refineria chevron junto al mantenimiento de otras refinerias encendieron el polvorin cynthia harris portavoz aaa norte de california se corto la produccion de gasolina por la refineria exon, tuvimos otra refineria que se cerro por natenimiento y un oleoducto chevron que se cerro por mantenimiento.... pero el gobernador de california jerry brown saco el as bajo la manga y dio la orden de utilizar la gasolina reservada para el invierno, que aunque es de menor calidad, puede disminuir drasticamente el costo en menos de una semana... amanecera y tanquearemos .... 8 43 hasta el momento la unica esperanza que tiene la comunidad de bajar el alto costo de la gasolina , es que con la firma del gobernador se empiece a distribuir la reserva que se tenia para el invierno de este aÑo. de mi parte no es mas, es la informacion que traemos desde san jose regreso con uds al estudio. blanca ---en hercules, la policia sigue tras la pista del sospechoso de asesinar a una mujer en su propia casa. take vo ---segn las autoridades, "susie ko" fue encontrada muerta dentro de su hogar el fin de seman
refinería chevron gastó mucho dinero, invirtió 1200 mil doctor dólares en un comité que respalda a personas, quieren que los habitantes de rich mono elijan candidatos que estén en la refinería, el año pasado trataron de sacar a la alcaldesa que crítica a chevron. >> hoy en la escal natas en san francisco para exigir que remuevan a ross mil caro mi y cerca de activistas dicen que es un grave conflicto de interés para que sea de nuevo alguacil por una decisión en su esposa en la víspera del año nuevo, mañana decidirán la suerte e de él. >> un boicot en un supermercado, a pocos días que el supermercado iba a revisar permisos de trabajos de sus empleados, las organizacións buscan sinned ka liz aro a los trabajadores. >> el próximo sábado la coalición de organizadores harán una propuesta cerca de los supermercados mi pueblo. >> el presidente obama participó al menos de 2 eventos para recaudar fonfondos. >> la protestas no se hicieron esperar. >> afuera del autotorio habían grupos con reclamos al primer manto t mandatario. >> fueron más de 6 mil los que llegaron al autotorios
to vote on this new plan next tuesday. >> chevron cut it's financial outlook in part because of that large fire at its refinery in richmond. it told investors the refining unit that caught fire in august will remain off line until the end of the year. production is also down in the gulf coast because of isaac. chevron stock took a hit after it's financial reporting, shares closed down act a quarter of a point. >> inphysical said its planning layoffs at its security division. they said that -- they will layoff a small number of its workers. no reason was given. the security software company laidoff 150 employees last december. >> cloud workday is increasing the price for lieutenants ipo. in a securities and exchange commission filing today the company said it'll now price it's ipo at 24-$26 a share up from 21 to $24. trading is set to start on friday. workday was founded by executives who left the company after its acquisition by oracle. they offer cloud based human resources, software. >> san jose fire investigators look at remnants of a serial arsonist. >> and back here
based on the number of loans it approved. >>> chevron says a key crude unit that catched fire will remain offline until the end of the year. that could have an effect on gas prices. the august fire and a power outage at a southern california refinery have been blamed for causing gas prices to skyrocket here in california. chevron says its u.s. oil production fell by 92-barrels a day. >>> 4:54 is the time. sal is keeping an eye on traffic. what are you looking at? >> we wanted to look at san francisco. i just saw it there in san francisco and i'm looking at my monitor and it's completely black. that is because of the fog. there is clouds there. we will skip that picture of our camera. to look at 101. we'll ask steve about that. we will go to the east shore freeway first and show you that traffic here looks pretty good on 80 westbound as you come across the bridge. now the picture in san francisco keeps going in and out. if we get it back i'll show it to you. let's move along to the san mateo and dumbarton bridge the traffic looks good here. i guess right now is good as any to a
is aimed at chevron because of that massive fire at its richmond refinery in august. chevron has decided to keep the crude oil unit closed until the end of the year at least. the refinery is still producing gasoline but at well below capacity. no word on when it is expected to be fully operational. drivers around the bay continue to vent their frustration. >> $5 a gallon. i only get 3 miles to the gallon. so that'll take me home. >>> fremont is getting special recognition for innovations. it has been named the best city to start a tech company. alicia spoke with leaders about what they are doing to bring more to the area. >> reporter: phosphor isxhcx] wt converts this into white light for general purposes. here they're all about innovative ways to make lightning better. >> all of the new lightning requires ourg76 order to produce the white light. so we're enabling that entire industry. >> reporter: they are one of the many companies in fremont that has helped the city earn its latest accolade. they are the country's top city for tech startup businesses. christina attracting emerging bioa
confusiones como la ocurrida durante el incendio en la refineria chevron de richmond... take sot --- ariel rodriguez ariel rodriguez dice: " topvo blanca bomberos han logrado contener parcialmente un incendio que consumido varios acres de maleza en las colinas de santa barbara. ---el siniestro ha sido controlado en un 50 por ciento y debido a esto, las evacuaciones obligatorias que se habian emitido anoche, fueron canceladas. ---inicialmente cientos de hogares habian sido amenazadas pero la pronta accion de los bomberos evito que fueran daÑadas. ---se cree que un poste de luz caido fue la causa. blanca ---el distrito para el control de la calidad del aire del area de la bahia... take vo ....informo qu est desarrollando un sistema de monitoreo para seguir de forma mas cerca y efectiva la contaminacion emitida por las refinerias de la region. ---este anuncio se debe en gran parte al incendio que se registro en la refineria "chevron" de richmond el pasado mes de agosto. ---los funcionarios de la entidad dijeron que el sistema actual "no" fue diseÑado para detectar y seguir grandes cantidade
pounds of dog foot on muni. that store is scheduled to open for business tomorrow. >>> what chevron reveal about getting their refinery back online. >> to help rescue this sea lion, activists first had to get him into a net. we'll show you this operation. >>> tourists in san francisco were treated to a dramatic rescue on pier 39 this afternoon. rob roth tells us how an injured sea lion had to be captured in order to save its life. >> reporter: sea lions often sun themselves here on pier 39 but this sea lion had something around its neck and an s.o.s. went out to the mammal center. >> they are deadly. because these guys are real curious and nose it and then get it on as a collar. they get it on when it's little and they wear it and grow into it. >> reporter: until it chokes them. rescuers decided to shoot a tranquilizer to get it drowsy. and when the sea lion was safely in the hands of the rescuers. the crowd of spectators was relieved and grateful. >> they did a great job and i'm so happy it's going to be safe. >> reporter: rescuers got the sea lion into a crate and took him to the
incendio antes, se denuncio al decir que los empleados pueden tener peligro . >> la compañía chevron acepto que no hizo una revisión el año pasado . >> sigue pasos y propone una identificación oficial por la ciudad para residentes sin importar su estado de inmigración . >> identificación para personas indocumentados en la ciudad de los Ángeles se estudia por el consejo . >> el documento serviria para cuentas y biblioteca . >> es importante que ellos deben salir de la oscuridad al sol, y por eso queremos ayudar con una identificación . >> se propone por varios que defienden a los inmigrantes . >> mencionan que da a la comunidad hispana más . >> es primordial causa que este es una identificación para las personas que no pieden tener del estado . >> la mayoría que no lo tienen no tiene cuenta bancaria . >> son víctimas de abusos por establecimientos . >> así no me ponen cosas difícil para una cuenta de banco tengo una identificación . >> esta tarjeta, usaria tecnología más avanzada serviria en más servicios . >> que si quiere ir a la libreria y más es de servicios de la ciuda
will take over the department. >>> chevron has acknowledged the accident was caused in part because a section of corroding pipe was missed during an inspection. a resolution on tonight's city council agenda urges the company to provide a community compensation package voluntarily. but that resolution may be pulled in favor of direct talks with chevron. >>> u.s. senator george mitchell will oversea talks on the san bruno pipeline fire. pg&e faces millions in fires for the 2010 explosion. mitchell is a respected mediator and noble peace prize nominee and led the investigation into baseball's steroid scandal. >>> the giants are back even in the national championship league series. they beat the cardinals tieing up the best o of # series at a game -- best of 7 series at a game at home. cate cauguiran over at at&t park where a few lucky fans will have a chance to buy tickets for a potential world series fans although they have a little work to do. >> reporter: there is a lot of work to do. there are chances to get tickets but a lot of giants fans will be waking up happy as we move onto g
having nothing to do with food. >> it is chevron. we have seen chevron do well recently. came out with earnings guidance, lower earnings guidance and when earnings come out in november we will sell off before that time. liz: the message from dan is that you by -- we won't do well next quarter. >> exactly and you have seen a price drop in chevron, 17 or 118 and now we see a spike back up. long-term chevron has 2% dividend yield and definitely on hold at this price. liz: united healthcare got added to the dow jones industrials. that is one you look at too. where does that go? if the vision is cloudy for the affordable health care act. >> earnings were okay. they were not beating expectations. another part of the scene where we can see united healthcare added to the dow, it is up 9% since it was added and over the long term is good. liz: good to see you. dan niemen, thank you so much. see you next time. seven minutes before the closing bell rings. we are straddling the flat line for the dow jones industrials. the green bananas that comedy is in the and the russell 2,000. we will tell
. >>> general motors affects the chevron equinox and suvs from the 2007 model year. it includes the model year chevrolet cobalts and pontiac g5 sedans. they have plastic parts connected to the fuel pump and that could lead to a fire. the company will provide free parts if those parts are cracked. >>> it comes to mobile video games. it shows 60% of players are female and they prefer orders like friends. the study shows women are more likely to send a facebook game invitation. >>> if you are in san rafael, you may notice a bad smell. what is causing it and what is being done to make it go away. >>> it was so loud, the base was so deep it was vibrating our house. >>> hundreds, a concert that shifted all night, the noisy night that has them fuming. ♪ ♪ [ male announcer ] introducing a reason...to look twice. introducing a stunning work of technology -- the entirely new lexus es. and the first-ever es hybrid. this is the pursuit of perfection. starting at $6.99. our tri-tip with hand-breaded onion straws, our crispy shrimp smothered in bang bang sauce, and tuscan chicken on focaccia. sizzler. t
of the largest in the state lost power monday due to high temperatures. the heat combined with the chevron refinery fire in richmond in august is increasing prices at the pump, but some drivers aren't buying it. >> the gas companies find any reason they can. this is just another excuse, the heat. >> the wholesale cost shot up a dollar in one week. by friday retail prices could spike by 30 cents. you can track gas prices in your area on cbssf.com. i think i want to take bart on the bus or just walk. >> this weekend it's going to be crazy. >> it is. >>> it sure is warm out. it is in the mid-60s right now. cate had short sleeves. when was the last time you saw a live shot when cate had short sleeves. >> hope she had a jacket with her. >>> it's a transitional day as cool air returns as the sea breeze will likely be kicking in but it is very mild outside right now. in fact, it is warm in spots for this time of the morning. 69 degrees in san jose. 68 vallejo. 62 in san francisco. and 67 degrees in mountain view. that ridge of high pressure that's been bringing the heat is going to start to slide
to call police. >>> occupied protesters will march to chevron revine are you. -- refinery. there is a reminder for all drivers today, today is national walk and roll to school day. so keep your eyes peeled, you will see more students walking and riding their bikes to school. students and parents all over the bay area plan to take part in this annual event. organizers say the whole golden courages healthy habits and also reduces pollution. >>> well the news gets better and better for oakland a's fans. it appears the as will stay in the east bay for a while. they are at the coliseum with all the good news, good morning, alex. >> yes, if they can win today, they are division champions and of course they want more and they are confidence going in for the final game of the season. the first pitch, 1235 taking part in a pressure packed personality. that was the strike that gave the chance at the division title. that put them in a tie for first place. now they have not had a share for first place all season long until now. now the rangers are having a bit of trouble and they go s
movement marched at the main fwaet of the chevron refinery in richmond this evening. they say they're angry about the chevron refinery fire in august. after that fire thousands of nearby residents went to the hospital claiming respiratory problems. they want chevron to reduce emissions and include air quality monitoring. >>> it's the show down voters have been waiting for. the first of three closely-watched presidential debates will be wrapping up just a short time from now. live in denver where america's struggling economy has taken the spotlight tonight. tori. >> and, gasia, right now we're in this final segment of the presidential debate. the focus of this segment the role of government. the way it was all split up was six different segments, each lasting about 15 minutes or so. the first was asked of president obama, and it was about jobs, specifically the difference in how these two candidates will create jobs. the focus has been on the middle class [ cheering ] tonight's debate focussed on domestic policy issues. >> are we going to double down on the top down economic policies that co
predicted for some gas stations. for example, this chevron in san jose, on tuesday, people were complaining about a 20- cent jump overnight. since that time, the price has gone up another 40 cents. now some gas stations themselves are running empty. >> refinery-ageddon has already begun. several stations have locked up pumps after running out of gas. supply is down because a power surge knocked a refinery in torrence offline. and it's not the only one. a chevron crude oil pipeline through central california is shut down due to safety problems. and the chevron refinery in richmond still hasn't recovered from the fire in august. brace your wallets. >> we have never seen a spike like this. this is brand-new territory. >> reporter: mike has to sell regular unleaded at 4.89 a gallon just to stay afloat. he locked up the pumps because it looked like he was gouging customers but later he had to open back up and sell at a huge loss. >> if this is going to keep like that, we're gonna have to close the doors. >> reporter: in the bay area, prices are up 20 to 30 cents. greg says it's cost his business
. >>> industry analysts say that problems at the chevron richmond refinery may keep gas prices high even longer than expected. the refinery closed in august after a huge fire. chevron now says the taj from that explosion will leave the facility at reduced capacity through the end of the year keeping sup ply tight. analysts say refinery production is to blame for california gas prices nearing $5 a gallon over this past week. >>> chevron's morning weight on the dow suffer add near 1% decline shedding 128 points. nasdaq lost 13. this was also the s & p 500th fourth straight losing session. >>> san francisco's first target opened today and it's built specifically to accommodate city shoppers. the new store is about 25% smaller than normal target stores and it's tailored to city life by featuring items sold in smaller packages and smaller shopping carts. >> we found that the guests in our urban stores don't purchase as much in one shopping trip. they shop our stores more frequent. >> the store also focuses on fresh foods and active wear. an official grand open sg planned for this sunday. >>> nfl hal
to say. san ramon-based chevron says its earnings will be significantly lower than expected thanks to unfavorable foreign currency exchange rates as well as operations in refining and marking that didn't meet its expectations. now, chevron will still turn a big profit making $7.2 billion in the 2nd quarter. and analysts were expecting profit of around $6.2 billion in the 3rd quarter but looks like it will fall shy of that. >>> san jose-based solid state drive maker is getting hammered after it said its earnings will be materially lower than what it was expecting thanks to problem in its customer incentive practice. the company also naming a new ceo today in the process. its stock is getting hit hard, as well. market overall heading lower and chevron is weighing on the dow since it is a dow component. chevron's shares are down by 2.5%. dow losing 31 points. nasdaq higher by a couple of points. s&p down by one. shares in ocz diving by 33%. back to you guys. >> thank you. jason brooks with kcbs and cbsmoneywatch.com. >>> time now for a look at what's coming up later on "cbs this morni
to reach out to chevron. this follows weeks of criticism after the massive fire at the refinefully august. the city wants chevron to help create a research campus at the marina bay. city council believes this could be a green tech center. >> i mean, chevron has sort of acknowledged that -- in a number of ways that -- that they want to increase their presence in richmond. >> the city council is expected to make their request tomorrow. chevron has said it is not in a position to make any long-term investment decision until a plan to modernize it is successfully submitted. >>> pg&e crews want to warn people of possible odors say near highway 280 and edgewood road. and this is part of the pipeline safety program. depending upon where you are, you may smell natural gas while pga vents. >>> oracle openworld's 2012 conference is happening and yesterday, larry ellison debuted new pro ducks during his speech. he will be speaking again tomorrow. they are expecting 50,000 people at the moscone center through thursday. the area around howard street may be blocked off for you drivers. so expect delays
stealing a gun that was inside. >>> chevron said it filed suit in superior court yesterday. earlier this year a county appeals board rejected chevron's appeal of the 2007- 2009 property tax bill and it ordered the company to pay $27 million more in taxes. a chevron spokesperson tells ktvu the company is currently in mediation over a tax assessment going back to 2004 and is hopeful for a fair settlement. >>> a while fire in mendecino county has burned through five structures. it's called the flim fire. it started yesterday afternoon and has burned through 300 acres. firefighters say most of the land is commercial timber property. but about 20 structures are in potential danger. now we just checked for the latest information from calfire, the agency says this fire is 25% contained. >>> investigators are still in the scene of a fire that destroyed three homes. the fire started about 5:00 last night near highway 116 and highway 101. near cotati. the fire left several people homeless including a couple that was supposed to get married this weekend. investigators are still trying to figur
. the chevron refinery fire in richmond is producing at a reduced capacity a chevron pipeline that moves crude oil from northern california was recently shut down. >> over the last week or so there has been a couple other problems. i think the most serious one was the one at the exxon mobile refinery that seemed to be sort of the straw that broke the camels back. and that is when prices jump took off. >> reporter: analysts say california's gas is at the lowest level in ten years. what doesn't help is the states strict pollution. while prices here in the bay area are high it's even higher in los angeles with some stations have actually passed the $5 mark. a few of the station owners have actually shut down the pumps rather than charging the higher price to break even. reporting live in san jose janine de la vega ktvu channel 2 news. >>> in election news this morning republican presidential nominee mitt romney is talking about his controversial comments on the 47%. >> i was completely wrong. and i believe however that my life has shown that i care about it 100%. >> video surfaced of romney showi
sun. rob roth, ktvu channel 2 news. >>> chevron announced today part of its richmond refinery will remain offline through the end of the year. officials says that due to the large fire that erupted there on august 6th in the crude unit. chevron says the fire and the closure of that unit are a major part of the reason chevron's u.s. oil production decreased by 92,000 barrels a day in its third quarter compared to the second quarter. gas prices inched up again hitting another record high in california. aaa says the average cost for a gallon of gas in california is $4.67. that's up less than a sent from yesterday. but in oakland the price fell .2 of a cent to $4.68 a gallon. >>> a man arrested at l.a.x. who was wearing flame retardant pants is accused of carrying weapons and other suspicious objects into the united states. wan harris was arrested on friday and appeared in court briefly today. they found a smoke grenade, a gas mask, knives and a hatchet in his luggage. he was picked up after he returned to the united states from japan. he is an american citizen. >>> the driver of
. >>> and could there be more pain at the pump? the aannouncemennouncement from chevron refinery that drivers probably don't want to here. >>> i'm jeff friendary. there's the doppler radar: more green showing up near the south bay. we're tracking all the activity and send photos in to our facebook at nbcbayarea.com. >>> we're in near chaos the mayor concedes he sat down with officers to iron out the differences between city hall and the rank and fire until this week. it happened in this studio. in a story on bay area damion trujillo brought both sides together to discuss issues. >> reporter: they shook hands for the first time in a long time. san jose's may oor and city's police union, but low morale and pay became the topic. >> you have to provide an environment that makes people want to stay and not feel like that you are continually just taken to the bank every time. >> it was a tough thing for the officers to have to take a 10% pay cut. >> reporter: a riff opened between city hall and the police department a couple years ago when the mayor began pushing pension reform to get the city budg
last year. >>> rich mopped city council may seek compensation from chevron for damage caused by the massive refinery fire in august. one member is considering resolution urging the oil giant to come up with a community compensation package. jeff says the fire set back vashltion environment andperty resident health. there's process for making that the tl right. >> there's process for making that right and that usually includes some sort of compensation package and i would like for to us get back on track with the partnership with chevron and would i like them to make things right. >>reporter: the fire and spoke sent more than 15,000 residents to the hospital complaining of respiratory problems. in the days after the fire chevron set up hotline and claim centers where individual resident could file for monetary compensation. >>> still ahead. farewell. one country says goodbye to the russian refuse lugs near license in. now you see it now you don't. daring art heist >> the past pass. >> less message of license ingone from the capitol of here. mayor took down the statue c
. >>> richmond city council has a couple of resolutions about chevron on its agenda tonight. the council expected to approve a resolution all aimed at making sure the oil company uses the highest standards and best technology when it repairs the refinery, that burned two months ago. the council is also expected to urge chevron to invest in research and office space in richmond's marina bay district. >>> an east bay fire district now has job openings for firefighters. the federal grant of nearly 8 million bucksenabling the east contra costa district to rehire laid off firefighters and add more. they plan to restore 15 firefighters and hire 12 more in addition to. the fire chief is searching for qualified applicants and three fire stations that were closed over the summer will now reopen. >>> final preparations are under way for the big showdown, the first debate between president obama and republican challenger mitt romney. the candidates will spend today getting ready for tomorrow's event in colorado. the president held no rallies yesterday but he did visit a campaign office in henderson, nevada.
gone up a little bit more and web site gas buddy.com reports it's happening after chevron reported a pipeline outage. and there are two are prices 10% higher. the average price is $4:33. >> and next year a new california hau will ban licensed mental health professionals from trying to turn gay and lesbian teens straight. a christian legal group is going court to stop the law. there are authorities having to decide whether this can take affect. >> i've heard this is a sin. >> steven went through a controversial treatment in an effort to become straight. but the bay area man says no one should go through it because it can be dangerous. >> it causes depression, anxiety. thoughts of suicide, makes you anxious causes you to hate yourself he was excited to hear the governor signing into law some day a ban preventing gay conversion therapies on minors. methods american psychiatrist society:kon cluded are harmful. the governor says there is no basis in sigh skbrens will be relegated to the dust pin of quackery. >> there is science now we didn't have before. that sexual orientation is not s
multinationals like hp, intel, cisco, and chevron are doing well in china. they're making money in china. at the same time, as the close relationship is going on, many chinese companies are working in san francisco in california. i would like to name a few. the tsl, ciuts, just to name a few. these are successful chinese companies working here. as the american companies in china, the chinese companies working in california in san francisco are also making contributions to job creation and the development of the economy in local areas. we're thinking these are very good signs. as the previous speakers mentioned, we paid a visit to the united states last february. governor brown proposed that we set up a working group for the u.s., a state, and china provinces to cooperate. we call this a working group, a joint working group of provinces and the states. at that time, the vice president made a very good, very positive response for the proposal. after the vice-president returned to china, we worked very hard on the proposal and my visit this time is to further the proposal. to make further f
-related cases dismissed because of missing or tainted evidence. >> there is a march underway to protest chevron's response to a refinery fire. the demonstration started this afternoon that culminate was a protest outside of the refinery gates. and they want more compensation given to residents affected by the fire's toxic smoke there is a spokesperson says it's working to implement a new air monitoring system. >> we're less than an hour from the first presidential debate this, is a live picture of the ritchie center at university of denver, president obama and mitt rom fee will square off. this bill focus on domestic poll sismt it's a critical moment and there is romney looking to makeup ground lost in key swing states, you can consumer watch it here start agent 6:00 tonight and this is also going stream live for you. >> an information sharing program has grown into a boondoggel producing little information on terrorists that. is the charge contained in a panel report issued today. panel members charge homeland security with spending almost $1.5 billion on intelligence sharing senters row vidin
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